OxFORD Asset Management LLP acquired a new position in shares of Orbotech Ltd. (NASDAQ:ORBK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,417 shares of the electronics maker’s stock, valued at approximately $2,288,000. OxFORD Asset Management LLP owned approximately 0.11% of Orbotech at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FNY Partners Fund LP grew its holdings in shares of Orbotech by 106.3% during the third quarter. FNY Partners Fund LP now owns 3,000 shares of the electronics maker’s stock worth $126,000 after purchasing an additional 1,546 shares in the last quarter. Macquarie Group Ltd. purchased a new position in shares of Orbotech during the third quarter worth about $135,000. Legal & General Group Plc grew its holdings in shares of Orbotech by 293.4% during the second quarter. Legal & General Group Plc now owns 4,327 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 3,227 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Orbotech during the third quarter worth about $210,000. Finally, Advisor Group Inc. grew its holdings in shares of Orbotech by 325.1% during the third quarter. Advisor Group Inc. now owns 5,454 shares of the electronics maker’s stock worth $230,000 after purchasing an additional 4,171 shares in the last quarter. 66.17% of the stock is owned by institutional investors.
ORBK has been the subject of several research reports. Zacks Investment Research lowered Orbotech from a “buy” rating to a “hold” rating in a research note on Saturday, September 2nd. Stifel Nicolaus upped their target price on Orbotech from $52.00 to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 7th. Barclays upped their target price on Orbotech to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Orbotech in a research note on Tuesday, September 12th. Finally, Oppenheimer upped their target price on Orbotech from $42.00 to $54.00 and gave the stock an “outperform” rating in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Orbotech presently has a consensus rating of “Buy” and a consensus target price of $51.00.
Shares of Orbotech Ltd. (NASDAQ ORBK) opened at $50.30 on Wednesday. The firm has a market capitalization of $2,435.42, a P/E ratio of 19.78, a PEG ratio of 0.96 and a beta of 0.80. Orbotech Ltd. has a 52 week low of $28.01 and a 52 week high of $56.44. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.71 and a current ratio of 3.37.
WARNING: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/13/oxford-asset-management-llp-takes-2-29-million-position-in-orbotech-ltd-orbk.html.
Orbotech Company Profile
Orbotech Ltd. is a supplier of yield-enhancing and process-enabling solutions for the manufacture of electronics products. The Company provides cutting-edge solutions for use in the manufacture of printed circuit boards (PCBs), flat panel displays (FPDs) and semiconductor devices (SDs). The Company’s segments include Production Solutions for the Electronics Industry, Solar Energy and Recognition Software.
Want to see what other hedge funds are holding ORBK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Orbotech Ltd. (NASDAQ:ORBK).
Receive News & Ratings for Orbotech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Orbotech and related companies with MarketBeat.com's FREE daily email newsletter.